Disney, Capri, Sonos, Wynn Resorts rise premarket; Tapestry, Penn fall

Go back to Disney, Capri, Sonos, Wynn Resorts rise premarket; Tapestry, Penn fall

Edward Jones downgrades Tapestry (TPR) on concerns surrounding Capri acquisition

August 11, 2023 11:00 AM EDT

Edward Jones removed their under review rating from Tapestry Inc. (NYSE: TPR) and downgraded the company to Hold (From Buy) while removing shares from the Edward Jones Stock Focus List.

We have concerns around the acquisition of Capri Holdings during a... More

Truist says investors should wait before adding to PENN Entertainment (PENN) positions

August 10, 2023 8:47 AM EDT

Truist cut PENN Entertainment (NASDAQ: PENN) to Hold from Buy, lowering the price target on the stock to $30 per share from $33 in a note to clients Thursday.

Analyst Barry Jonas told investors that "it's a long way to the top," and... More